]]>$23.20Everything Keynesianism touches dies. The entire World is convulsing with the horrors Keynesian econoics has wrought.

If it wasn't for the fact that Keynesian fallacies end up accidentally giving theoretical justification for millions of government jobs and state-aggrandizing authority, it would be laughed off the face of the Earth.

]]>$28.20Everything Keynesianism touches dies. The entire World is convulsing with the horrors Keynesian economics has wrought.

If it wasn't for the fact that Keynesian fallacies end up accidentally giving theoretical justification for millions of government jobs and state-aggrandizing authority, it would be laughed off the face of the Earth.

Keynesian economic policies are fundamentally the same as Mussolini’s or FDR’s or Peron’s–the classic combine of big-government-big business-big labor controlling and looting the rest of us, lubricated with central banking. And as Neil Reynolds points out in the Globe & Mail:

Keynes was himself a disciple of dictatorships. In his essay Keynes, The Man U.S. libertarian economist Murray Rothbard recalls that Keynes was an enthusiastic supporter in the 1930s of Sir Oswald Mosley, the founder of British fascism, and that Keynes consistently championed the fascist economic model. Writing in 1939, in the foreword to the German edition of The General Theory of Employment, Interest and Money, his manifesto, Mr. Keynes conceded that his economic theories “adapt more easily to the conditions of a totalitarian state … than to the conditions of free competition.”